Leonardo Maria Del Vecchio is turning to private debt providers to support a €10bn transaction aimed at increasing his stake in family holding company Delfin, as traditional bank lenders step back from the proposed financing package, according to a report by Reuters.
The report cites unnamed sources familiar with the matter as revealing that the deal would see Del Vecchio raise his current 12.5% holding in Delfin to 37.5% by acquiring the interests of two siblings. Earlier discussions on the fin...
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